Merry Christmas from Donald Trump

[Unregistered]

Yes the market is up - thank in part to stock buybacks paid for by the tax cuts to corporations. But "...those gains largely accrue to the wealthiest Americans, including many of Trump's donors and close friends. Almost half of the country doesn't have a single dollar in the stock market. While some in the middle class do invest via pension funds and 401(k) retirement plans, only a quarter of American households have more than $25,000 in the market, according to a Deutsche Bank report released this week."

Wages are stagnant and barely keeping up with inflation: "American wages rose a sluggish 2.5 percent last year, according to a Labor Department report released Friday morning. That's the same rate of wage growth as under President Barack Obama. Historically, wages have grown more than 3.5 percent in a typical economic upturn, but that hasn't happened in this expansion."

Corporate tax cuts aren't translating to higher wages: "So far, only 18 of the companies in the S&P 500 stock index have cited the tax cuts in announcing additional pay of any kind. Only five of those companies — all banks — announced a true wage hike, lifting hourly wages to at least $15 an hour. The rest are offering workers a one-time bonus (typically of $1,000) or a modest amount of additional money in a retirement plan."

In a tight job market at some point wages will need to rise. But with tariffs already starting to result in layoffs and costs rising all the time, the net/net won't be much of a rise.

https://www.washingtonpost.com/news/...=.115799465250

[Unregistered]

Yes the market is up - thank in part to stock buybacks paid for by the tax cuts to corporations. But "...those gains largely accrue to the wealthiest Americans, including many of Trump's donors and close friends. Almost half of the country doesn't have a single dollar in the stock market. While some in the middle class do invest via pension funds and 401(k) retirement plans, only a quarter of American households have more than $25,000 in the market, according to a Deutsche Bank report released this week."

Wages are stagnant and barely keeping up with inflation: "American wages rose a sluggish 2.5 percent last year, according to a Labor Department report released Friday morning. That's the same rate of wage growth as under President Barack Obama. Historically, wages have grown more than 3.5 percent in a typical economic upturn, but that hasn't happened in this expansion."

Corporate tax cuts aren't translating to higher wages: "So far, only 18 of the companies in the S&P 500 stock index have cited the tax cuts in announcing additional pay of any kind. Only five of those companies — all banks — announced a true wage hike, lifting hourly wages to at least $15 an hour. The rest are offering workers a one-time bonus (typically of $1,000) or a modest amount of additional money in a retirement plan."

In a tight job market at some point wages will need to rise. But with tariffs already starting to result in layoffs and costs rising all the time, the net/net won't be much of a rise.

https://www.washingtonpost.com/news/...=.115799465250

just heard an ad on the radio last night for a manufacturing company hiring in CT
when was the last time you heard an ad for manufacturing in ct
wages will start rising when the job openings stop being filled we need to stabilize a little
another thing i i notice is every time we get good economic news we get the stories of the coming disaster in the economy its always contrarian

[Unregistered]

Too funny... you don't address the issue (i.e. that tRUMP is a buffoon). Then you write essentially a pile of bullsh.it ... then you accuse me of treason for apparently using my right of free speech...
Crime is not rising, there are no terrible trade deals nor higher taxes .

ps tRUMP is letting Putin walk all over him.... where is your commentary about that, comrade?

I'll address it, the buffoon is doing everything right.

[Unregistered]

Yes the market is up - thank in part to stock buybacks paid for by the tax cuts to corporations. But "...those gains largely accrue to the wealthiest Americans, including many of Trump's donors and close friends. Almost half of the country doesn't have a single dollar in the stock market. While some in the middle class do invest via pension funds and 401(k) retirement plans, only a quarter of American households have more than $25,000 in the market, according to a Deutsche Bank report released this week."

Wages are stagnant and barely keeping up with inflation: "American wages rose a sluggish 2.5 percent last year, according to a Labor Department report released Friday morning. That's the same rate of wage growth as under President Barack Obama. Historically, wages have grown more than 3.5 percent in a typical economic upturn, but that hasn't happened in this expansion."

Corporate tax cuts aren't translating to higher wages: "So far, only 18 of the companies in the S&P 500 stock index have cited the tax cuts in announcing additional pay of any kind. Only five of those companies — all banks — announced a true wage hike, lifting hourly wages to at least $15 an hour. The rest are offering workers a one-time bonus (typically of $1,000) or a modest amount of additional money in a retirement plan."

In a tight job market at some point wages will need to rise. But with tariffs already starting to result in layoffs and costs rising all the time, the net/net won't be much of a rise.

https://www.washingtonpost.com/news/...=.115799465250

There aren’t any Laws of Economics. Just opinions. We are in a transitional stage in our economy, just as we have been in different times in the past. Regardless of the statistical hand wringing and navel gazing, the overall economy is stronger now than it has been over the past 10 years. There are trillions of dollars sitting in the hands of baby boomer retirement plans and home equity and related wealth. THis money wil start to transition into the economy more and more ,at a pace never seeen before in American economic history.

One would have to expect negative economic outlooks from the Washington Post as it fits their overall continued narrative against the President.

[Unregistered]

Much of the US can be defined as "socialist". The right freaks out at the term without really understanding what it means. They also frequently exchange it with communism or totalitarianism, which are not the same either. In your cry to "get the government out of our lives" your forget about all the ways the government keeps us functioning

US "Socialist" ideas: Social security, Medicare/Medicaid, infrastructure (highways, dams, bridges), free public education, state universities, garbage collection, public utilities, water/sewage, VA/healthcare, scientific research/CDC (you want MORE big pharma if there's a pandemic?), GI Bill, government agencies (want to get rid of the FDA or USDA? Great if you want to make your own medicine and grow all your own food), public parks (local, state, national), FEMA, college scholarship programs, US Census, farm subsidies, unemployment insurance, all levels of law enforcement, fire departments/first responders.

Oh, and the IRS and state tax collectors to help pay for it all.



https://www.dailykos.com/stories/201...proved-America

This is a 2nd grade view of socialism. The government paying for anything is not socialism. National security or local police is not socialism. The pillars of capitalism, 1) Private property rights (creates prosperity incentives), 2) The rule of law (protection and enforcement of that poverty from foreign or domestic adversities), 3) Freedom to express ideas against government (creating and changing laws). A country that doesn't have these three strong pillars has not prospered over the long run.


Socialism, communism is the idea that everyone is equal. As an example, the idea that health care is a right and its the government's responsibility to provide it. Health care is a privilege. We as a society can decide how much to share it, but its not a right.

[Unregistered]

I'll address it, the buffoon is doing everything right.

Finally... we agree on one thing...that he is a buffoon...

Would recommend though that you have check-up on your morality .... since when is lying continuously... "doing everything right." You must be an evangelical christian republican.

Funny how you have such trouble criticizing tRUMP and using evidence to support arguments... just trot out the usual Fux talking points.

[Unregistered]

just heard an ad on the radio last night for a manufacturing company hiring in CT
when was the last time you heard an ad for manufacturing in ct
wages will start rising when the job openings stop being filled we need to stabilize a little
another thing i i notice is every time we get good economic news we get the stories of the coming disaster in the economy its always contrarian

The bolded part shows the cons are aware that growth in wages was -0.4% during the 2017 Trump “boom” they crow about ....

So they promise the cult45 members ....it’s coming ...will trickle down soon!

[Unregistered]

This is a 2nd grade view of socialism. The government paying for anything is not socialism. National security or local police is not socialism. The pillars of capitalism, 1) Private property rights (creates prosperity incentives), 2) The rule of law (protection and enforcement of that poverty from foreign or domestic adversities), 3) Freedom to express ideas against government (creating and changing laws). A country that doesn't have these three strong pillars has not prospered over the long run.


Socialism, communism is the idea that everyone is equal. As an example, the idea that health care is a right and its the government's responsibility to provide it. Health care is a privilege. We as a society can decide how much to share it, but its not a right.

right on brother. Everyone should have equal rights in this country (if you are here legally). Taxation is fine to pay for temporary programs and to provide a basic services and a safety net. However, we have a progressive or graduated tax system. The more you earn, the higher percentage the government takes for those programs. There is no equality there. In every other facet of life, those who work harder reap the rewards. It incentives people. However, the liberals believe that if you work harder, make better choices, invest in yourself and save and put your capital to work you should unequally burdened to support those that don't do the aforementioned. The most ridiculous is the estate tax. If for example my dad worked hard and saved money, why should a large percent of that go to others(vi the government) rather than my dad's family. What is the message the government is trying to send? Spend all your money before you die and risk being broke if your life expectancy is too long? Employee highly compensated advisers to create structures that will allow you to avoid the taxes?

You want benefits, simple, work for a living. Companies provide for their workers. That said, if you tax them too much and put them out of business, then the provide less benefits or employ less people and pay less in taxes for the social programs. Trump understands this basic concept. He is pro American jobs and pro America. Pro growth.
He understands if you increase the size of the pie, more people eat. Yes, the ones who make the pie, own the utensils and serve the pie are going to get more of the pie than the ones who do nothing to make, serve or grow the pie, so what. That is called capitalism and it is good. Other countries unfairly tax our goods and services and if we reciprocate we are the bad guys? Other countries manipulate their currencies to get favorable trade imbalances. Other countries subsidize businesses to give them an unfair advantage in the global economy. Other countries require knowledge and technology transfers as a price of doing business in their markets. Trump understands this and understands he needs to stick up for American workers and companies. So I support the president and thank him for working for all of us. You can take a knee, spend 4 years trying to find some dirt on him and bash him in the liberal rag newspapers and the liberal controlled media and entertainment industry, but in the end, you will still be the beneficiary of his efforts.

[Unregistered]

Finally... we agree on one thing...that he is a buffoon...

Would recommend though that you have check-up on your morality .... since when is lying continuously... "doing everything right." You must be an evangelical christian republican.

Funny how you have such trouble criticizing tRUMP and using evidence to support arguments... just trot out the usual Fux talking points.

An orange buffoon who uses spray tan, has a tanning bed + cotton candy died-blonde hair. His suits fit like crap, cheap ties are too long. Even with all that money and resources he can't look professional.

[Unregistered]

An orange buffoon who uses spray tan, has a tanning bed + cotton candy died-blonde hair. His suits fit like crap, cheap ties are too long. Even with all that money and resources he can't look professional.

Many can’t buy class.

Can’t buy decency

Etc

[Unregistered]

r

You want benefits, simple, work for a living. Companies provide for their workers. That said, if you tax them too much and put them out of business, then the provide less benefits or employ less people and pay less in taxes for the social programs. Trump understands this basic concept.

Except that many companies don't pay a living wage. Many beneficiaries are the working poor. Nor do companies provide for their workers. They manipulate hours so that they're not full time and don't have to provide healthcare. Pensions have gone the way of the horse and buggy. More of the workforce is going independent contractor each year with no safety nets. Nice pay and benefit packages are for the corporate suite only.

As for corporate taxes, before the cut the sated rate was higher than some other countries BUT with all the tax breaks and loopholes almost no one paid 35%; some could get their real rate down close to zero. Those loopholes are still there and now the rate is lower. The result will be less money in the coffer in the long run. Combined with lower revenue from high wealth individuals the deficit will sky rocket. Any drag on the economy (which could result from tarriffs and some of his other dumb-azz moves) also means less coming in. You want infrastructure, the stupid wall. The money has to pay for it.

[Unregistered]

Many can’t buy class.

Can’t buy decency

Etc

True that. He doesn't have as much money as he claims either

[Unregistered]

The bolded part shows the cons are aware that growth in wages was -0.4% during the 2017 Trump “boom” they crow about ....

So they promise the cult45 members ....it’s coming ...will trickle down soon!

so new jobs doesnt boost wages?
guy with no job has zero wages- same guy with new job has wages= boost in wages
you are conflating 2 different metrics
a profession whose existing wages rise or dont and an industry which is employing more people

[Unregistered]

An orange buffoon who uses spray tan, has a tanning bed + cotton candy died-blonde hair. His suits fit like crap, cheap ties are too long. Even with all that money and resources he can't look professional.

why would he need spray tan if he has a tanning bed?
you dont like the guy, but your objections are personal and therefore not germain to his performance as POTUS
i didnt like Clinton but thought he did a good job in his 2nd term- i liked Bush but thought he did a bad job in his 2nd term- liked Obama but thought he did a bad job in both terms

[Unregistered]

Except that many companies don't pay a living wage. Many beneficiaries are the working poor. Nor do companies provide for their workers. They manipulate hours so that they're not full time and don't have to provide healthcare. Pensions have gone the way of the horse and buggy. More of the workforce is going independent contractor each year with no safety nets. Nice pay and benefit packages are for the corporate suite only.

As for corporate taxes, before the cut the sated rate was higher than some other countries BUT with all the tax breaks and loopholes almost no one paid 35%; some could get their real rate down close to zero. Those loopholes are still there and now the rate is lower. The result will be less money in the coffer in the long run. Combined with lower revenue from high wealth individuals the deficit will sky rocket. Any drag on the economy (which could result from tarriffs and some of his other dumb-azz moves) also means less coming in. You want infrastructure, the stupid wall. The money has to pay for it.

when was the last time the federal govt got less $$$ in taxes than they did the year before?
when was the last time the federal govt actually spent less than they did the year before?